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Bryon Fields Acquires Marianna Multifamily For $6M With Brokers Johnny Blue Craig & Austin McLeod

Property Image
SOLD
$6,000,000
Johnny Blue Craig, Jr

Florida

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MultiFamily1,054,588 SF
Sold 06/02/2022
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Property Image
SOLD

Bryon Fields Acquires Marianna Multifamily For $6M With Brokers Johnny Blue Craig & Austin McLeod

5090 US Route 90, Marianna, Florida 32446, United States

See Similar Deals
MultiFamily1,054,588 SF
Sold 06/02/2022
Johnny Blue Craig, Jr
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$5
Total Square Footage:1,054,588 SF
Transaction Type:Sale

The multifamily property located at 5090 US Hwy 90 E in Marianna has been sold for a total of $6,000,000. The transaction took place on 06/02/2022. The property consists of 100 units and spans a total square footage of 1,054,588. The purchase price per unit was $60,000, while the price per square foot was $6.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,000,000
  • Date: 06/02/2022
  • Address: 5090 US Hwy 90 E
  • Market: Marianna
  • Buyer: Bryon Fields
  • Seller: Nicol Johnson
  • Brokers: Johnny Blue Craig & Austin McLeod - Matthews Real Estate Investment Services
  • Units: 100
  • Price per Unit: $60,000
  • Total Square Footage: 1,054,588
  • Price per Square Foot: $6

The deal was facilitated by brokers Johnny Blue Craig and Austin McLeod of Matthews Real Estate Investment Services.

Players

Johnny Blue Craig, Jr
10 deals$79M volume(404) 410-9201
BROKER

Austin McLeod
Matthews
2 deals$6M volume
BROKER

Details

SOLD
IMAGE: Johnny Blue Craig & Austin McLeod DATE: 06/02/2022 ADDRESS: 5090 US Hwy 90 E MARKET: Marianna ASSET TYPE: Multifamily BUYER: Bryon Fields SELLER: Nicol Johnson BROKERS: Johnny Blue Craig & Austin McLeod - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $6,000,000 UNITS: 100 ~ PPU: $60,000‬ SF: 1,054,588 ~ PPSF: $6

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73